Wood Memorial Library Trust
EIN: 66167846 · E Windsor Hl, CT · NTEE: B70
| Metric | Value |
|---|---|
| Total Revenue | $72K |
| Total Expenses | $104K |
| Net Assets | $942K |
Is Wood Memorial Library Trust Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Wood Memorial Library Trust
Wood Memorial Library Trust (EIN: 66167846) is a nonprofit organization based in E Windsor Hl, CT, classified under NTEE code B70. The organization reported total revenue of $72K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wood Memorial Library Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Wood Memorial Library Trust is a micro nonprofit that has been operating for 7 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $175K |
| Total Expenses | $104K |
| Surplus / Deficit | +$71K |
| Total Assets | $942K |
| Total Liabilities | $1 |
| Net Assets | $942K |
| Operating Margin | 40.5% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 108.3 months |
Financial Health Grade: A
In 2023, Wood Memorial Library Trust reported a surplus of $71K with revenue exceeding expenses, holds 108.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Wood Memorial Library Trust's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.5% | +44.0% | +8.1% |
| 2022 | +123.5% | +93.7% | +8.5% |
| 2021 | -41.9% | -58.5% | +0.1% |
| 2020 | +44.5% | +20.6% | +5.6% |
| 2019 | +30.3% | -26.5% | -9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Wood Memorial Library Trust has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Wood Memorial Library Trust with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Wood Memorial Library Trust
Is Wood Memorial Library Trust a legitimate charity?
Based on AI analysis of IRS 990 filings, Wood Memorial Library Trust (EIN: 66167846) insufficient data. 0 red flags identified, 0 strengths noted.
How does Wood Memorial Library Trust spend its money?
Detailed spending breakdown data is not yet available for Wood Memorial Library Trust. Check back for updated IRS 990 analysis.
Are donations to Wood Memorial Library Trust tax-deductible?
Wood Memorial Library Trust is registered as a tax-exempt nonprofit (EIN: 66167846). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Wood Memorial Library Trust located?
Wood Memorial Library Trust is headquartered in E Windsor Hl, Connecticut and files with the IRS under EIN 66167846. It is classified under NTEE code B70.
How many years of IRS 990 filings does Wood Memorial Library Trust have?
Wood Memorial Library Trust has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $72K in total revenue.
Filing History
IRS 990 filing history for Wood Memorial Library Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wood Memorial Library Trust's revenue has grown by 306.8%, moving from $43K to $175K. Total assets increased by 11.1% over the same period, from $848K to $942K. Total functional expenses rose by 58.5%, from $66K to $104K. In its most recent filing year (2023), Wood Memorial Library Trust reported a surplus of $71K, with revenue exceeding expenses. The organization holds $1 in liabilities against $942K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $942K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $175K | $104K | $942K | $1 | — | View 990 |
| 2022 | $141K | $72K | $871K | $1 | — | View 990 |
| 2021 | $63K | $37K | $802K | $1 | — | View 990 |
| 2020 | $108K | $90K | $801K | $24K | — | View 990 |
| 2019 | $75K | $75K | $758K | $1 | — | View 990 |
| 2015 | $58K | $102K | $833K | $0 | — | View 990 |
| 2014 | $57K | $88K | $871K | $0 | — | View 990 |
| 2013 | $156K | $69K | $896K | $0 | — | View 990 |
| 2012 | $32K | $71K | $809K | $0 | — | View 990 |
| 2011 | $43K | $66K | $848K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $175K, expenses of $104K, and assets of $942K (revenue +24.5% year-over-year).
- 2022: Revenue of $141K, expenses of $72K, and assets of $871K (revenue +123.5% year-over-year).
- 2021: Revenue of $63K, expenses of $37K, and assets of $802K (revenue -41.9% year-over-year).
- 2020: Revenue of $108K, expenses of $90K, and assets of $801K (revenue +44.5% year-over-year).
- 2019: Revenue of $75K, expenses of $75K, and assets of $758K (revenue +30.3% year-over-year).
- 2015: Revenue of $58K, expenses of $102K, and assets of $833K (revenue +1.4% year-over-year).
- 2014: Revenue of $57K, expenses of $88K, and assets of $871K (revenue -63.7% year-over-year).
- 2013: Revenue of $156K, expenses of $69K, and assets of $896K (revenue +396.1% year-over-year).
- 2012: Revenue of $32K, expenses of $71K, and assets of $809K (revenue -26.8% year-over-year).
- 2011: Revenue of $43K, expenses of $66K, and assets of $848K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Wood Memorial Library Trust:
Data Sources and Methodology
This transparency report for Wood Memorial Library Trust is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.